I claim deduction on home loan. Can I claim HRA?

Forums Home Loan Taxation I claim deduction on home loan. Can I claim HRA?

I claim deduction on home loan. Can I claim HRA?

I have a home loan for which I claimed deduction u/s 24. Can I claim HRA exemption as well?

Profile photo of Pankaj Pawar Asked By: Pankaj Pawar 1 replies 0 helpful answers Last Updated: 4 months, 3 weeks ago
  • Profile photo of Pankaj PawarPankaj Pawar
    Participant

    I have a home loan for which I claimed deduction u/s 24. Can I claim HRA exemption as well?

  • Profile photo of Neha JoshiNeha Joshi
    Moderator

    If you have bought a house with the help of a home loan and live in another house on rent, you can claim tax benefit for both. But if the house you bought and the house you live in are in the same city, you should have a genuine reason for not living in the house that you own. The reasons could be that the house you own is too far from your workplace, or the commute is very difficult.

You must be signed in to reply to this question.